A company's inventory on December 31,2024 , was
$338,000
based on a physical count priced at cost, and before any necessary adjustment for the following: - Inventory costing
$43,000
, shipped f.o.b. shipping point from a vendor on December 30,2024 , was received on January 5, 2025. - Inventory costing
$35,000
, shipped f.o.b. destination from a vendor on December 28,2024 , was received on January 3,2025. - Inventory costing
$51,000
was shipped to a customer f.o.b. destination on December 28 , arrived at the customer's location on January 6, 2025. - Inventory costing
$25,000
was being held on consignment by Traynor Company. What amount should the company report as inventory in its. December 31,2024 , balance sheet? Multiple Choice
$338,000
$457,000
$492,000
$406,000